Govt Reduces Rate of ESI Contribution from 6.5% to 4%.

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Govt Reduces Rate of ESI Contribution from 6.5% to 4%.

Employers’ contribution cut from 4.75% to 3.25% & employees’

contribution cut from 1.75% to 0.75%. Reduced rates will be effective

from July. Move would benefit 36 million employees and 1.28 million

employers (Supportive steps from government to motivate the employment in country)

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